TheRumpledOne
6,407 posts
msg #100262
- Ignore TheRumpledOne |
4/15/2011 2:09:58 PM
How to Forecast a Stock-Market Top
http://finance.yahoo.com/banking-budgeting/article/112556/bull-market-top-marketwatch?mod=bb-budgeting&sec=topStories&pos=3&asset=&ccode=
I wonder why so many spend so much time trying to predict the future when the money is to be made by correctly identifying the present?!?!
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TheRumpledOne
6,407 posts
msg #100263
- Ignore TheRumpledOne |
4/15/2011 2:11:43 PM
PRICE ACTION
"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist."
- H. Rearden
1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
You cannot reduce it any further. Anything else complicates the issue.
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four
5,087 posts
msg #100265
- Ignore four
modified |
4/15/2011 2:38:15 PM
Subject: H. Rearden
http://www.forexfactory.com/showthread.php?t=155393&page=19
Here is the quote from H. Rearden, #283
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